Wednesday, March 9, 2011

UUP Update

Yesterday I updated UUP. We saw a move up in price, but 3C slipped a bit, today it's starting to strengthen, I'm guessing the Libyan problem which is causing gas to rise to absurd levels is starting to be discounted in the euro-Zone.

Here's the recent charts and here's yesterday's broader analysis.

UUP showing accumulation on today's slight dip

Confirmation as the Euro shows distribution on its slight pop.

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